Chunghwa Telecom Co. Ltd (ADR) (CHT) is Upgraded by HSBC Securities to Hold

Chunghwa Telecom Co. Ltd (ADR) (CHT) was Upgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Reduce ” on the company shares. HSBC Securities advised their investors in a research report released on Apr 22, 2016.

Chunghwa Telecom Co. Ltd (ADR) closed down -0.04 points or -0.12% at $34.25 with 7,25,811 shares getting traded on Wednesday. Post opening the session at $34.29, the shares hit an intraday low of $34.06 and an intraday high of $34.36 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Chunghwa Telecom Co. Ltd. is a telecommunications service provider in Taiwan. The Company’s segments include: Domestic fixed communications business which is engaged in the provision of local telephone services domestic long distance telephone services broadband access and related services; Mobile communications business which is engaged in the provision of mobile services sales of mobile handsets and data cards and related services; Internet business which is engaged in the provision of HiNet and related services; International fixed communications business which is engaged in the provision of international long distance telephone and related services and Others which includes the Company’s non-telecom services including property sales made by its subsidiary Light Era Development Co. Ltd. and electronic products sales made by its subsidiary Chunghwa Precision Test Tech Co. Ltd.

Chunghwa Telecom Co. Ltd (ADR)

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